Quadrature Capital Ltd Increases Stake in Boston Properties, Inc. (NYSE:BXP)

Quadrature Capital Ltd boosted its position in shares of Boston Properties, Inc. (NYSE:BXP) by 39.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 32,791 shares of the real estate investment trust’s stock after purchasing an additional 9,253 shares during the quarter. Quadrature Capital Ltd’s holdings in Boston Properties were worth $2,141,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BXP. Acadian Asset Management LLC purchased a new stake in shares of Boston Properties during the 1st quarter valued at about $1,187,000. International Assets Investment Management LLC purchased a new stake in shares of Boston Properties during the 4th quarter valued at about $15,810,000. abrdn plc boosted its holdings in shares of Boston Properties by 4.2% during the 4th quarter. abrdn plc now owns 713,840 shares of the real estate investment trust’s stock valued at $50,090,000 after acquiring an additional 28,870 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Boston Properties by 387.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 69,825 shares of the real estate investment trust’s stock valued at $4,900,000 after acquiring an additional 55,501 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Boston Properties by 50.5% during the 4th quarter. National Bank of Canada FI now owns 46,377 shares of the real estate investment trust’s stock valued at $3,343,000 after acquiring an additional 15,570 shares during the last quarter. 98.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BXP has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price target on shares of Boston Properties in a report on Thursday, June 20th. Wedbush dropped their price objective on shares of Boston Properties from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. StockNews.com raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Barclays dropped their price objective on shares of Boston Properties from $66.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Finally, BMO Capital Markets dropped their price objective on shares of Boston Properties from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Boston Properties currently has an average rating of “Hold” and an average price target of $69.60.

Boston Properties Price Performance

Shares of Boston Properties stock traded up $2.59 on Friday, hitting $70.50. 914,271 shares of the company traded hands, compared to its average volume of 1,158,603. The stock has a market capitalization of $11.07 billion, a P/E ratio of 57.79, a price-to-earnings-growth ratio of 0.46 and a beta of 1.18. The company has a debt-to-equity ratio of 1.91, a quick ratio of 4.77 and a current ratio of 4.77. Boston Properties, Inc. has a 52 week low of $50.64 and a 52 week high of $73.97. The business has a 50-day simple moving average of $62.40 and a 200 day simple moving average of $63.59.

Boston Properties (NYSE:BXP) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($1.22). The company had revenue of $839.44 million for the quarter, compared to the consensus estimate of $808.68 million. Boston Properties had a net margin of 5.81% and a return on equity of 2.35%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. Research analysts expect that Boston Properties, Inc. will post 7.04 earnings per share for the current fiscal year.

Boston Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Friday, June 28th. Boston Properties’s payout ratio is currently 321.31%.

Boston Properties Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.